The dollar is losing ground against its major European rivals Monday afternoon, but is modestly higher in comparison to the Japanese Yen. U.S. manufacturing data came in weaker than expected this morning, but most investors are looking forward to the release of the U.S. jobs report for April at the end...
Construction spending in the U.S. increased by less than expected in the month of March, the Commerce Department revealed in a report on Monday, although the report also showed a significant upward revision to spending in February.
Growth in U.S. manufacturing activity slowed by more than expected in the month of April, according to a report released by the Institute for Supply Management on Monday. The ISM said its purchasing managers index dipped to 50.8 in April from 51.8 in March.
Final factory Purchasing Managers' survey results from euro area are due on Monday, headlining a light day for the European economic news.
The dollar is adding to yesterday's losses against the Euro and the Japanese Yen following the release of some weaker than expected U.S. economic data this morning. Consumer sentiment, personal spending and the Chicago PMI all fell short of expectations. The buck took a significant hit yesterday after...
Reflecting weakening expectations for future growth, the University of Michigan released a report on Friday showing that U.S. consumer sentiment deteriorated by more than previously estimated in April. The report said the final reading on the consumer sentiment index for April came in at 89.0.
Indicating a slow start to the second quarter, MNI Indicators released a report on Friday showing that growth in Chicago-area business activity slowed by much more than expected in the month of April. MNI Indicators said its Chicago business barometer slumped to 50.4 in April.
With personal income rising faster than personal spending, the Commerce Department released a report on Friday showing that the U.S. personal savings rate jumped to its highest level in over a year in the month of March.
Euro area economic growth doubled in the first quarter weathering fears of a global slowdown and the jobless rate declined for the first time in three months in March to its lowest level in four-and-a-half years. Nonetheless, Eurozone relapsed into deflation in April on negative contributions from oil prices. Gross domestic product climbed 0.6 percent from the prior quarter.
Quarterly national accounts, unemployment and consumer prices are due from Eurozone on Friday, headlining a busy day for the European economic news.
The dollar is trading sharply lower against the Japanese Yen Thursday afternoon, after the Bank of Japan shocked the markets. The Bank of Japan refrained from expanding its monetary stimulus defying expectations for some actions and kept its negative interest rate unchanged.
The Bank of Japan maintained...
After reporting U.S. initial jobless claims at their lowest level in over forty years in the previous week, the Labor Department released a report on Thursday showing that jobless claims rebounded in the week ended April 23rd. The report said initial jobless claims rose to 257,000.
Economic growth in the U.S. slowed by even more than economists had anticipated in the first quarter, the Commerce Department revealed in a report on Thursday. The report said gross domestic product rose by 0.5 percent in the first quarter compared to the 1.4 percent increase in the fourth quarter.
German jobless claims declined unexpectedly in April and the unemployment rate remained unchanged at the lowest level since reunification, official data revealed Thursday. The number of unemployed declined by 16,000 in April from March to 2.706 million, the Federal Labor Agency said. Economists had expected it to remain flat after falling by 2,000.
Eurozone economic confidence improved more-than-expected in April after falling for three consecutive months to reach a one-year low level. The economic sentiment index rose to 103.9 from 103.0 in March, survey data from the European Commission showed Thursday. The measure was forecast to rise to 103.4.